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28 Monroe Street, Norwood MA 02062

$649,900

Estimated $1,601/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $324,950

Total Rent: 64200/year

Estimated CAP Rate:

4 Bedrooms

Baths

1640

Total Parking: 4

6,075 (0.14)

Not your typical two-family! Welcome to 28 Monroe St, a move-in-ready property offering the space and feel of a single-family home with the flexibility, versatility and income potential of a separate second unit. An ideal opportunity for an owner-occupant, multigenerational household or investor, both units are vacant and ready for their next chapter. The two units share minimal wall space - maximizing privacy and separation. Unit A lives more like a traditional single-family home, offering 3 bedrooms, 1.5 baths and multiple living spaces. Fresh paint and new carpeting provide a clean, move-in-ready feel, while hardwood flooring adds character to the bedrooms. Flexible bonus space gives you options for a formal dining room, home office, den or additional living area. Unit A also features gas heat and gas hot water. Unit B is a separate 1-bedroom, 1-bath residence with gas forced-air heat and gas hot water—perfect for generating rental income, accommodating extended family or creating private guest quarters. Each unit enjoys its own laundry and separate basement area, providing valuable additional storage. Outside, off-street parking for 4 and a shared yard with private areas for each unit add to the property's everyday functionality. There is also a shed for common use storage on the property as well. Additional highlights include municipal electric and a roof approximately 8–10 years young. The location ties it all together, offering convenient access to Norwood's commuter rail, major highways, downtown, shopping, dining and everyday amenities. Live comfortably in Unit A while renting Unit B, create a multigenerational setup, or take advantage of two vacant units for your investment portfolio. 28 Monroe St offers the flexibility to make this property work for you! Showings begin immediately- don't wait and miss out on a rare opportunity! House-hacking at its finest! Quick close possible. Call today for your private showing!

This home has been viewed 2 times

Last Checked: September 21st, 2026 at 8:08pm (Source: MLS PIN #73580031)

Gross Income: $64,200

Gross Expenses: $6,566

Net Income Calc: $57,634

Water Views

Annual Expenses for 28 Monroe Street, Norwood MA 02062

Total Gross Expenses (Calculated)$6,566/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6566

Annual Income & Unit Breakdown for 28 Monroe Street, Norwood MA 02062

Total Gross Income (Calculated)$64,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 28 Monroe Street, Norwood MA 02062

Listing ID73580031

Property TypeMulti Family / 2 Family

Price649900 ($396.28/SqFt)

Style2 Family - 2 Units Side By Side

CityNorwood

CountyNorfolk

Neighborhood(s)

Approximate Living Area Total1640

Approximate Lot Size (Acres)0.14

Total Parking4

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningG

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 28 Monroe Street, Norwood MA 02062

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher & Dryer Are Negotiable

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 28 Monroe Street, Norwood MA 02062

Real Estate Taxes6566

Tax Year2026

Assessed Value$668,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 28 Monroe Street, Norwood MA 02062

Elementary SchoolPrescott Elementary

Middle SchoolCoakley Middle School

High SchoolNorwood High School

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 28 Monroe Street, Norwood MA 02062

Agent

Name: Anthony McDonnell

Office

Name: Berkshire Hathaway HomeServices Evolution Properties

Phone: 508-384-3435

Payment Calculator

, Interest

Property Taxes 547.17

Principal & Interest 4004.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Evolution Properties

Anthony McDonnell

Agent Phone

Office Phone

(508) 384-3435

Text Agent Call Agent Call Office

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EXIT

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